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IDEA Institute acquired by Quantum Kapital

Turin-based automotive design, modeling and engineering firm IDEA (Institute of Development in Automotive Engineering) has been sold to Quantum Kapital AG, an investment company with an industrial emphasis based in St. Gall, Switzerland. The transaction is expected to be completed in the next few weeks.

Exhibition: BMW Art Drive London

Entering the seventh floor of a London car park to find three spaces occupied by BMWs is an inconsequential occurrence given the proliferation of Bavarian-born cars in the UK Capital. Except, that is, when the three in question have been touched by the hands (and brushes) of Roy Lichtenstein, Andy Warhol and Robert Rauschernberg. As part of the London 2012 Festival and in partnership with the ICA, BMW has taken over a grimy multi-storey in London's hipster Shoreditch district, filling it with 16 works from its iconic, priceless Art Car collection.

Bentley Mulsanne convertible concept debuts

Bentley will expand the Mulsanne lineup with a glitzy convertible version, previewed by a concept that debuted at Pebble Beach. The British droptop would likely share mechanical pieces with the coupe, meaning a twin-turbo 6.75-liter V8 making 505 hp and 752 lb-ft of torque paired with an eight-speed automatic and rear-wheel chassis. Technical specifications were not confirmed.